entrackr16d ago
Peak XV Partners, an early investor in Go Digit General Insurance, offloaded shares worth Rs 100 crore in a block deal on the National Stock Exchange (NSE) on Thursday. According to NSE data, Peak XV Partners, through its affiliate Peak XV Partners Growth Investments III, sold 33.33 lakh shares of Go Digit at Rs 300 apiece, taking the transaction value to Rs 100 crore. On the buying side, Aditya Birla Sun Life Mutual Fund acquired 21.66 lakh shares worth around Rs 65 crore, while JPMorgan, through its affiliate JPMorgan (Taiwan) Eastern Technology Fund, purchased 11.66 lakh shares for Rs 35 crore." The sale marks another liquidity event for Peak XV Partners, which recently exited its investment in fintech firm Mobikwik via a Rs 130 crore block deal. Founded in 2017, Go Digit General Insurance offers a range of products across motor, health, travel, property, and other insurance segments. Motor insurance remains the company's largest business line, followed by health and fire insurance, according to its latest financial disclosures. The company counts investors such as Faering Capital, Wellington Management, and TVS Capital Funds among its backers. In the fourth quarter of FY26, Go Digit reported largely flat growth in net premium revenue, which stood at Rs 2,301 crore . However, its profit after tax (PAT) increased 28% year-on-year to Rs 149 crore from Rs 116 crore in the corresponding quarter of FY25. At the end of last trading session on Thursday, Go Digit’s share closed at Rs 309, valuing the company at market capitalization of Rs 7,416 crore (around $780 million).